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Hybrid Advisors Quickest Growing Industry Segment

The number of hybrid advisors, or those that are both registered as investment advisors with the Securities and Exchange Commission and as brokers with FINRA, is growing at a faster rate than the overall industry, reports InvestmentNews.

According to a recent Cerulli Associates study, the number of hybrid advisors grew 6.9% last year and assets in the channel increased 13%, reaching $1.4 trillion. In both cases, the growth outpaced the overall industry. Tyler Cloherty, a senior analyst at Cerulli, says the growth is fueled by the flexibility that comes with being registered with both regulators. Such advisors can collect both commissions and advisory fees.

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